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CSPAN
Jan 22, 2013 8:00pm EST
ceiling. the house will vote wednesday on a measure that will occur -- extend the debt limit until may 19. included is a provision that if congress fails to pass a budget by april 15, lawmakers salaries will be held in escrow. this is 10 minutes. >> good afternoon. good evening. >> hard-working taxpayers understand that they have to balance their budgets from every week to every month. they also believe it's time for washington to balance its budget. over the last four years, house republicans have offered plans. our budget plans. we have done our budgets, but it's been nearly four years since the senate has done a budget. most americans believe if you don't do your job, you shouldn't get paid, that is the basis for no budget, no pay. it's time for the senate to act. chairman paul ryan has worked hard with the budget committee to outline the kind of reforms we would put in place to bring real fiscal responsibility here in washington. and the american people understand that you can't continue to spend money that you don't have. it's time for us to come to a plan that will, in fact, bala
CSPAN
Jan 23, 2013 1:00am EST
mention the debt ceiling and another bill, said if we default on our debts, congressional pay is the last thing that gets resolved. so this is different than that. i go on record, i don't believe we should be politicizing and happy we aren't going to default immediately because we are going to kick the can down the road. but i'm tired by governing by gimmicks. i don't know if withholding the pay of senators is going to be a big deal, but that's not the way this process should work. it shouldn't be about gimmicks or crisis to crisis. >> we have had four witnesses today and two that agree with each other and two that disagree. >> we are still in a transition out here? >> let me do this quickly, just in the short time we have been here, presuppositions of what we will or will not do. we haven't done a budget yet for this year. >> that's correct. >> this doesn't presuppose the budget or whether or not the senate will or will not. it says there has to be a budget and in order to do that - there is no pre supposition of what that budget will be. >> that's right. >> we just think it is doing our
PBS
Jan 22, 2013 7:00pm PST
in the debt ceiling that's been proposed by house republicans. the move to extend the nation's borrowing limit for three months is set to come to a vote tomorrow. and that news has reassured markets that the risk is fading that the u.s. will default on its debt for the first time in its history. darren gersh reports. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills. >> reporter
ABC
Jan 27, 2013 9:30am EST
think is punting cutting off discussion on the debt ceiling? >> one thing is for sure, republicans no longer have the debt ceiling to use as a maneuver they y have to get thingss they what in terms of spending cuts and other things they were hoping to g from democrcrats. at this point we are l looking at the sequester that is coming up in march, the deadline e that is also coming up later in the month -- >> government shutdown if we don't get it done. >> absolutely. the house and senate have to put out a budget resolution, and we don't know how bad is going to gogo --htt is going tgo. >> peter, why d did the publicans ive up the debt ceiling as a weapon? >> i t think thihis is the gop's new sortf game plan. even until recently, republican lawmakers were adamant that any increase in the debt ceiling had to come with matching spending cuts. at one point, they decided t this is not something we are going for any more, and wewe will get what we want to it with the otother battles comingng up, we will makeke a small cononcession when it comes to the debt ceiling by allowing the debt cei
CSPAN
Jan 25, 2013 6:00am EST
have a permanent, unlimited debt ceiling will kerr. this is constitutional -- will poker. as we have seen in the past it's also been a helpful tool not only on checks and balances but to enact spending reforms and restraints that can be helpful, although in my view have not been helpful as they have in the past. a third point is that the claim we heard earlier today that a short-term extension of the debt limit may raise the u.s. government debt service costs. that is highly speculative. but rooney 11 gao study showed significant results. three out of every five had no impact. the 2012 report was based on only one event. statistically inconclusive. the bipartisan estimate are based upon both of these gao studies, and they missed the point. the fact of the matter is unsustainable spending over time without doubt will raise cost of our borrowing in america. that's why we are all here today to deal with this issue, or attempt to give our best insight. i'd like to ask dr. foster a question with related to the debt ceiling. many of us see the other side of that coin as a credit downgrade,
MSNBC
Jan 22, 2013 7:00pm PST
conversation will look to vote on a measure tomorrow. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids. >> this is a party, a retreat. >> a retreat of sorts. >> they may not even vote for this. >> it really is unacceptable. >> they will evolve or die, it is that simple. >> it will stand out as one of the great days. >> today marks 40 years. >> the 40th anniversary of roe v. wade. >> this allows a woman free choice. >> support for reproductive choice is at a record high. >> 54% believe abortion should be legal. >> there was an assault on women's access to reproductive health care. >> do i believe that the supreme court should overturn roe v. wade? yes. >> 70% say it should not be overturned. >> this is a deeply pers
PBS
Jan 20, 2013 6:00pm PST
yourself. >> the debt ceiling debate continues. >> we are not a dead beat nation. >> we all know the issue is spending. >> what are the risks of huge spending cuts? >> operations, maintenance, and trading will be gutted. real ground aircraft, return chips to port, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal agent who tried to enforce a ban on firearms guilty of a felony. there are similar measures under consideration in texas and the governor of mississippi says he wants to make it illegal in the state to enforce any new federal gun laws. how many times have we had this debate? this time after the murders of the children in newtown, conn., the president tells us this is different. the president has signed 23 executive orders aimed at reducing gun violence and is urging congress to reinstate a ban on so-called assault weapons, limit the size on magazines, and mandate here are some background checks for all gun sales. he is also asking the public to put heat on members of congress. >> remembers of congress if th
NBC
Jan 20, 2013 4:00pm PST
taxes. consumption makes up 70% of the u.s. economic growth. the debt ceiling debate, presidential report card and quiet market rally. what does it mean for you money? joining us right now, jared bernstein, center on budget and policy priorities and chief economist to vice president biden. also with us, russ koesterich. thanks for joining us. >> thanks, maria. >> russ, let me kick it up with you. a pretty good rally. on thursday the s&p 500 hitting yet another five-year high. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term, it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people were nervous in december. they're coming back in to stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what
CNBC
Jan 23, 2013 1:00pm EST
to the breaking news in washington. a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tighter than republicans would like the vote count to be, but ultimately what the pleasure would do is extend the debt measure through to may 19th and politically what it does is rearranges the order of the fiscal fights we will have over the next couple of months and it means we will fight first over the sequester. remember that's that across the board budget cut postponed during the fiscal cliff fight in december and january. now that will be the first fight up at the beginning of march. republicans feel that that is a much more safe political ground for them to fight on than to fight over the debt ceiling which of course could threaten a default on the nation's obligations so we do expect this vote within the next couple of minutes here to pass by republicans, then it will go over to the senate side and the white house has signalled they might in fact si
CNBC
Jan 20, 2013 7:30pm EST
do have some issues coming up. the debt ceiling, obviously one of them. the second question is as we start to get january's economic data, how big of a hit do we have from the tax increases, the expiration, the payroll tax hold darks and what do those numbers, which may be a bit on the soft side, do to stocks? >> absolutely. that is the question of the day, isn't it, jared? the debt ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month, if we haven't hit it yet. let's take a listen to what president obama had to say about the potential battle looming in congress. >> markets had could go haywire, interest rates would spike for anybody who borrows money. every homeowner with a mortgage, every student with a college loan, every small business owner who wants to grow and hire. >> jared, how does this play out? >> well, we're beginning to hear lots of sounds from republicans that are more in a compromising mode than we heard a week ago. right now they're talking about perhaps an increase in the debt ceiling that lastins for a coup months. frankly, and
MSNBC
Jan 23, 2013 10:00pm EST
. ♪ [ engine revs ] ♪ >>> coming up, john boehner's miracle. he actually made the debt ceiling disappear today. ezra klein will explain it all next. and in the rewrite tonight, why wayne lapierre's attack on president obama last night was a crime against history. that is coming up. [ male announcer ] this is anna, her long day teaching the perfect swing begins with back pain and a choice. take advil, and maybe have to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rew
MSNBC
Jan 23, 2013 7:00pm PST
debt ceiling. >> the ayes are 245, the nays, 144. >> up until now, they have been about politics. >> the american people won't accept an increase in the debt limit without significant spending cuts. >> if we don't cut spending. >> it hands the president his second major win. >> republicans have come to our new majority to fix what is wrong. >> there is an amazing amount of soul-searching going on. >> my friends it was a puke fest. >> they blinked, we welcomed the outcome of their retreat. >> nothing exposes congressional ignorance and incompetent actions better than a congressional hearing. you actually have to know something to sound impressive in a congressional hearing. it is not just reading speeches, it is interactive. asking a question of the chairman of the federal reserve or making any kind of statement to him when he is actually there to respond is a grand opportunity to look and sound like an idiot. an opportunity that many senators and house members have taken over the years. witnesses at congressional hearings in the house and the senate tend to know a little more, in
FOX Business
Jan 23, 2013 7:00pm EST
debt ceiling, speaker boehner, winning the support of most of his majority as well as 85 democrats for the bill. the speaker embraced congressman paul ryan's new plan to balance the budget in 10 year period. in contrast, partisanship on parade. chamber trying to figure out what clinton knew and when she knew it. no answers were forth coming, and the secretary assumed either no knowledge or no blame over the course of 5 hours of testimony before the senate foreign relations committee and the house foreign affairs committee. this was her reaction to republican senator ron johnson when he questioned her on the administration's false narrative in days and weeks after terrorists killed ambassador christopher stevens and 3 other americans. >> we were mislead, there were supposedly protests and something sprang out of that, that was -- ascertained of that not the fact. and american people could have known that. >> with all due respect, we had 4 dead americans, it was because of a protestor guys out for a walk one night that decided to go kill some americans, what difference, at this point
NBC
Jan 20, 2013 4:30pm PST
. he's going to have it on immigration and also on the debt ceiling. not sure he's going to have it on guns, but he's going to drive the really hard-line republicans crazy because he's going to be able to break off 40 or 50 of them for all these other things. chris: that seems to be true as much as the opposition is hotter and perhaps hardening out there on the right. it does seem that the center right and the center are in play and obama is making his move toward them successfully. >> their governing philosophy coming in is that the fever would break among the tea party folks, among the hard right, and also that just folks in the house would sort of move to the boehner philosophy, which is a governing philosophy. the sort of -- chris: in other words, you don't need a majority of the republicans to rule. >> you break the rule, which is what he's done on these big-ticket items. they have been meeting over these last couple of days to figure out wait forward. i think the president was smart to step into these debates early and often and frame them in ways that americans can understand
FOX Business
Jan 23, 2013 11:00am EST
connell, it is yours. connell: congress set to make a move on the debt ceiling. art laffer is coming up. dagen: playing some defense. the jpmorgan ceo lashing back at critics. more regulation is needed. connell: testifying on the benghazi attack and why moore could not have been done to save americans who died in libya. we will talk about that. dagen: stocks now and every 15 minutes. nicole: we are seeing the dow and the s&p hitting five-year highs. we are in quite an environment. nowhere near that 6500 mark where we were for the dow. we have seen a lot of names on the dow doing well today. microsoft, united, disney. we have had earnings season. we are all waiting on the debt ceiling and, obviously, that is something that looms over. google is up 6% now. as we await each one, it certainly can be a market moving event. after the bell, we will have apple and netflix. dagen: ridge edson is standing by on capitol hill with much more. rich: nothing is really set in stone. this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a b
NBC
Jan 21, 2013 3:30am EST
cruz, house republicans have taken a step back on this debt ceiling standoff. should it be raised. this is how "the new york times" described it over the weekend. i'll put it up on the screen and have you react to it. backing down from the hardline stance, house republicans said friday they would agree to lift the limit for three months with the requirement that both chambers of congress pass a budget in that time to clear the way for negotiations on long-term deficit reduction, to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on th
KRON
Jan 22, 2013 11:00pm PST
speech. and then there's the debt ceiling. dull. no one was particularly surprised today when republicans began bashing speech. he offered a liberal vision - touching on preserving the social welfare safety net. some thought it overly partisan and aggressive. >> "the era of liberalism is back.unabashedly far left of center inauguration speech" congress to pass tighter gun the presidential inaugural celebrations came to end. and president obama iscoming up. his broad and ambitious agenda for his second term. and why republicans probably won't be making it any easier during the next four the investigation underway. into what caused this massive fire at an airforce base yesterday. the 40th anniversary of the so far president obama has laid out a broad and ambitious agenda for hisbut signs are scant negotiating with republicans will be any easier for the next four years. on tuesday the inaugural celebration was capped off cathedral in washington. now the president begins a second term - with plenty on his plate. threat of climate change >> reporter: in his inaugural addreess -obam
CSPAN
Jan 23, 2013 7:00am EST
, january 23. house will vote today on raising the debt ceiling. secretary of state hillary clinton testifies before house and senate committee today about the september terrorist attack in benghazi, libya. republicans are talking about their own priorities and reacting to president obama's inauguration speech. we're like to hear your advice for the president for his second term. here are the numbers to call. you can also find us online. share your comments over twitter or join the conversation on facebook. you can also e-mail us. we're asking you this morning your advice for the second obama administration. isedobama speech rate stark choices, says the new york times. we would like to hear from you this morning, what you think republican options are and what your advice is. here's what's happening on capitol hill today. house gop poised to extend the debt limit. that's the headline in "usa today." the bill would buy time and would set the stage for a physical fight. house republicans are scheduled to vote today to extend a $16.40 trillion at the opening salvo in a renewed battle th
CSPAN
Jan 23, 2013 10:00am EST
administration says is they support a long-term increase in the debt ceiling and the reason why the people of the united states have not heard of this controversy is because the normal course of business, constitutionally, is for the congress to consult with the treasury, the treasury to consult with the congress, the debt ceiling is raised in a manner that protects the general welfare of the american people. but now we have a proposal that is driven by polling and brinksmanship. this is not the way to run a country. i heard a comedian some years ago say what a great country, and we are a great country. i love america. the constitution emphasizes the greatness of this nation. but we don't play politics with something that is the ordinary course of business. spending cuts is a responsible way to govern, but it is to govern in a way that we sit at the table of reconciliation and we don't break the backs of seniors who relies on medicare and social security and veterans benefits. what we do is we sit at the table and we understand how to deal with the oncoming issue of the deficit. how do we dea
FOX
Jan 23, 2013 5:30am EST
vote wednesday on a three-monnh extennion of the debt ceiling - but with a stipuuation the senate passes a budget in the next few months.the white houue says it's ready to work towards something lasting.what we support is a long-term raising of the debt ceiling ssothat we don't have any doubt or the global economy about the simple proposition thattthe unitte states always pays its biilsalso on the ppesident's ccmprehensive immigration reform.and nnthe aftermath of the newtown, connecticut sshool schooting - a push for congress to pass tighter gun pontrol laws.in washington, i'm tory dunnan. 3 the presidenn mmy have a llt of convincing to do... if he wwnts his second--erm agenda to pass passright now...51--ercent off people apppove of the jjb he president is doing.43 perceet disapprove. disapprove....and president obbma...has the 3rd áworstá job approval ratiig for his first term......of any president after world war 2. the avvrage for his first teem wass499point-1.just gerald ford and jimmy ccrter fared 3 coming up innour 6 o'clock hour... 3 gain some weight... ad help our pmrri
CSPAN
Jan 22, 2013 8:00pm EST
irresponsible not raise the debt ceiling. especially in the absence of changing the way we do business here, starting with the approval of a the budget. it is thought to be compassionate to spend money that is not yours that is the next-generation? for our country to have growth and economic opportunity, there is no question that it is a drag on that opportunity. we have a chance to right this wrong. >> is on the senate budget committee and i can tell you that the most disappointing part is it about not doing a budget for this country in the senate. it is incredibly disappointing and it blows my mind that the senate democrats have not been willing. senators have talked about the fact that the ipad is in existence. most of my life we have not had a budget and prioritizing spending. when i think about that, i know it is about him. because we can do a budget for this company and we can't prioritize benning have a fiscal blueprints make sure that we get ourselves on the responsible path, it is about all of us, my son, every child in this nation, what future and opportunities they will have
MSNBC
Jan 23, 2013 3:00pm PST
prepared to go so far as to shut the government down. >> save your powder for the debt ceiling fight. >> i think there's going to be a whole new field of battle when the debt ceiling rolls around. >> our opportunity here is on the debt ceiling. this is where we have leverage. >> remember that the gop vowing to hold the country hostage for cuts? they had the leverage, getting ready to fight. speaker boehner even tried his hand at extortion saying, "there's a price for everything." but, now, here comes the cave. today, republicans in the house voted to suspend the debt ceiling. what about the hostage-taking? not this time. and remember all the usual bluster in those press conferences of theirs? today, the gop leaders ducked the press. only a few print reporters, boehner's camera man and a lone fox news camera were there to capture their comments in their entirety. huh? so why the sudden change? >> the full faith and credit of the united states of america is not a bargaining chip. we are not a deadbeat nation. >> they will not collect our ransom in exchange for not crashing the american econo
FOX Business
Jan 24, 2013 12:00am EST
work that you need to do. we said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in the 1990s. that didn't didn't work too well. they're focusing on what is called the sequester, which are across the board spending reductions. that's where i think they will make their stand. we'll have a good robust debate about the level of spending we'll have in this country. the cuts in the sequester are too much for the pentagon for republicans to like. that will be focus rather than having republicans blamed for defaulting on the debt or shutting down the government. that was a shrewd move on their part. melissa: everybody talks about we need to get entitlement spend
CSPAN
Jan 23, 2013 6:00am EST
that doesn't mean there's any guarantee of the result and to use the debt ceiling as a lever i think is a very serious mistake. after the credit of this country was downgraded, a senior director of standard & poor's -- this was right after it -- said the following about american political institutions that they were undermined -- i quote -- that people in the political arena were even talking about a potential default. and essentially this bill does that. and if i might say to mr. ryan, we're on the same floor. we talk to each other a lot anyway. i think it will be helpful in regular order if there were a budget brought to the floor of the house that had bipartisan support and was a product of regular order with strong bipartisan support in the budget committee and on the floor. thank you. >> thank you very much. >> we look forward to your support. \[laughter] >> mr. ryan. >> participation. >> a new issue has just been brought up by the gentleman and that is perhaps the timing, do you believe that this is timely and that you've given people an opportunity rather than waiting un
MSNBC
Jan 22, 2013 10:00pm PST
on the debt ceiling. and later in this hour, wayne lapierre, the lobbyist who makes sure that mass murderers have the most weapons, will make a statement in response to the president's inaugural address, in which of course the president said absolutely nothing about gun ownership or the second amendment. >> our conversation will look to vote on a measure tomorrow. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids. >> this is a party, a retreat. >> a retreat of sorts. >> they may not even vote for this. >> it really is unacceptable. >> they will evolve or die, it is that simple. >> it will stand out as one of the great days. >> today marks 40 years. >> the 40th anniversary of roe v. wade. >> this allows a w
Current
Jan 23, 2013 8:00pm PST
on the debt ceiling? the republicans caving? we'll explain why. it's go time. [ ♪ music ♪ ] >> cenk: secretary of state hillary clinton went up to the hill to talk to the senators and congressmen, and she got a rude, rude arrival there in the form of very aggressive questions and statements by the republicans. first she laid out her case. let's listen. >> for me this is not just a matter of policy, it's personal. i stood next to president obama as the marines carried those flag-draped caskets off the plane at andrews. i put my arms around the fathers and mothers, the sisters and bow brothers and the wives left alone to raise their children. >> cenk: the republicans were not appeased with that, and they requested about benghazi what produced one of the biggest flareups of the day. >> he were misled that there was protest and an assault sprang out that have. that was easily ascertained. that was not the fact. the american people could have known that in days. >> with all due respect. the fact is we had four dead americans was it because of protest or guys out for a walk and they decid
PBS
Jan 23, 2013 4:30pm PST
washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmicknd saia 90 day reprieve from default simply moves the crisis back. >> for the last two years, we've heard from our republican colleagues economic uncertainty is bad for the economy. guess what? it is. and yet that's exactly what you are doing. another big dose of economic uncertainty. >> reporter: republicans shifted gears on the debt ceiling after a strategy session last week. worrie
FOX Business
Jan 20, 2013 10:00pm EST
republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president gror norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ ♪ gerri: almost exactly one year ago today in this program, in this segment we told you about the president hosting a white house event and a chilling viewers he's serious about tackling unemployment. that was his job council. a combination of academics, union reps command ceos. back in unemployment was eight and a half%. today it has fallen. it has fallen, but not far enough. and i would like to tell you that the jobs council is on the case tried to drive us to zero on employment, but the truth is it is not met in the year. the 26-member panel officially known as the president's council on jobs and competitiveness last convened on january 17th 2012. their mission expires at the end
CBS
Jan 22, 2013 4:00am PST
the debt ceiling for a period of three months, and the republicans have made a big concession. they had their dance and took a moment to savor the scene. now it's time to get back to work. in his inaugural speech, the president called on both parties not to let politics get in the way of governing. >> we must act knowing that our work will be imperfect. we must act knowing that today's victories will be only partial. >> reporter: so republicans are offering a compromise on the debt ceiling. house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they haven't done in four years -- pass a budget. >> for us to have a debate about spending and debt, we've got to have the
CNBC
Jan 22, 2013 1:00pm EST
, ibm, j & j, google and travelers all on tap. so is the gop about to cave on a debt ceiling deal? we may know a lot more soon. there's a plan floating around washington, stop lawmakers pay if there's no solution on the debt ceiling by the deadline day. >>> and this guy, he's teed off, the golfer phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results. more on them in a few minutes. let's get you ahead of the curve. google is getting ready to report its latest results after the bell. fears about an ad revenue and major focus on those shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smart
CNBC
Jan 23, 2013 7:00pm EST
political situation, taxation, debt ceiling. on the other hand, despite all of that liquidity, we have mediocre employment growth, manufacturing data, while it has improved is still around that recessionary line of 50 and to your point around m2 that's very interesting and yet we're still at record low velocity of money. that's very scary. all this money pumped into the system is sitting on the balance sheets of banks, corporations. >> nominal gdp is starting to rise. >> slowly. >> what about the information revolution? now, you made an important point. so far why should raise taxes on investors, terrible idea. i'm hoping do no harm, maybe some small spending cuts so that's not going to be a factor. i don't see a debt default. i think that's off the table. what blt american energy revolution, what about the growth, what about the cheap natural gas and what about how that makes america so competitive? i'm only talking 2.5% growth, not 3%, 4, 5% growth. >> the fertilizer trusts are on fires. ammonia is going to be cheap, that's terrific. but here's a factoid for you. kmn's exports t
CSPAN
Jan 22, 2013 5:00pm EST
debate a bill postponing on raising the nation's debt ceiling. you saw pete sessions, the rules committee chairman, filing that rule on the house floor a moment ago. they met this afternoon to discuss the flan which would require both chambers of commerce to pass a budget plan by april 15 or have their salaries withheld. the debt at $16.4 trillion. the meeting is an hour and 20 minutes. >> i want to welcome our -- three of our four witnesses that are here. it's always a fun thing to see a star of the show, everybody wants to get their autograph. mr. chairman, welcome to the rules committee. we're delighted that you're here today to discuss h.r. 325, a very important bill. and i noticed the former chairman of the committee, the ranking member, is here. we also welcome her testimony that will begin. we'll give mr. brady a chance to get here, but the chairwoman, the head of the house administration committee, the gentlewoman from michigan, and delighted that you are here. as always, the rules committee is delighted that you've taken time, both we were excited about your presence to
CNBC
Jan 22, 2013 4:00pm EST
an hour. >> expected to tee off a vote on the debt ceiling bill. what's their new plan? we'll go live to washington next, and even with the immediate threat of the debt ceiling ahead, another's contrarian view coming up. >> chip murky's quarterly result are due out now. those numbers coming up as we continue on the "closing bell." . ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> all right. they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up an
FOX Business
Jan 23, 2013 9:00pm EST
front office. coming in, the house passing a debt ceiling bill doing nothing but pushing of the problem until making the can down the road. and new york congressman sat -- has me upset tonight. they're going to want to you this. stay with us. albrecht, he could not be more wrong. ♪ gerri: to people in the south cling to their guns and religion? is that part of the country something we need to ♪ gerri: i have to tell you, nothing, nothing gets under my skin faster than and new yorker calling out the south which is exactly what happened recently in a tv interview. new york congressman telling the most other states should adopt gun laws exactly like the one passed in the state of new york. >> new york, it's a little different and more progressive and a lot of areas and some other states. some of the southern areas of cultures that we have to overcome. gerri: cultures that we have to overcome. all right. i forgot. the south is still a backwater to new york. the region languishes in a post antebellum haze of poverty and backwardness. in truth, my friends, the south has benefited
FOX News
Jan 21, 2013 12:00am PST
cuts a few weeks back, here is what president obama said monday about the debt ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt u
FOX News
Jan 20, 2013 8:00pm PST
president obama said monday about the debt ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4
MSNBC
Jan 22, 2013 9:00am PST
republicans have at least begun to back off on the debt ceiling fight. you note that sandy aid passed even though it only got 46 republican votes in the house. it seems to me this strategy of laying out what you want and then negotiating is better than trying to figure out what the other side wants. >> chairman steel, there's been some discussion as to whether this was even, many of the, that progressive of a speech, but the reaction from conservative outlets -- >> oh, baby, it was. >> i have been waiting for the real barack obama to show up, and i don't mean that as a criticism. i mean that honestly. knowing him as i have come to know him over the years, going back to when he first came to washington as a senator, that's the guy that i as chairman was prepared to do battle against and framed my chairmanship and even wrote a book about how to defeat this agenda, this very progressive agenda for conservatives to wake up coming out of the slumps of 2006 and 2008. >> can i say one thing, though, and ezra, i would like to get your thoughts on this. i thought it was a progressive vision fo
MSNBC
Jan 24, 2013 9:00am EST
corralled those members yesterday, though. the house passed a bill to suspend the debt ceiling for four months until may 19th, avoiding a showdown over the federal borrowing limit. backing off a demand for dollar-for-dollar spending cuts. house republicans, instead, added a no-budget, no-pay provision to the bill, which would withhold lawmakers' paychecks if they failed to pass a budget and attempt to embarrass the senate and refocus the fight there instead of on the president. >> breaching the debt limit, which some of our members have been pretty anxious to do. that's playing with fire. and no one really knows what will happen, but i'm not quite sure i want to look over the evening of the cliff. >> boehner also promised the new house republican budget will balance in ten years. the guy leading that charge, paul ryan, broke his silence yesterday about the 2012 election. >> the only regret i have is we lost. i think it's closer than you think. the big debate that reinvolvolv, you know, they really did a phenomenal job on technology and turnout. and they should get credit for that.
SFGTV
Jan 22, 2013 1:00pm PST
no follow-up. in light of what is going on in the nation, debt ceiling, in light of what is really going on here in the city and county of san francisco we need to involve the constituents, because the taxpayers that pay it, you may get the money from the state or the federal, it is the taxpayers who pay the taxes and we need to have some accountability and some transparency. i am not saying that this contractor is going to do his job i hope he does his job quarterly or twice a year or for the duration of this contract we get some reports. so that we can read and see what is happening. thank you very much. >> is there any other member in of the public that would like to make comments? seeing none public comment is close. (gavel) this is an action item. >> mr. chair? >> i know there is question about work between the mta and the transportation authority. can you talk about those issues and how they were resolved? >> both agencies have responsibility especially mta which has legislation for originating parking in public policy of the transportation authority addresses transportation
WETA
Jan 25, 2013 8:30pm EST
reaching an agreement on the filibuster. nothing profound. also, they will raise the debt ceiling to may 18. how will this impact president? >> what the house did it is illustrative of what will be ahead of us. they have not gotten over the defeat from november 6. we are going to tie everything to the debt ceiling, this budget crisis. they have no leverage over the president. they discover they have no leverage. now they have to find a way to back down. this is their face-saving device to kick it down the road until may. you will see more of this. the president is in a much stronger position of dealing with the congress and house republicans. >> you agree with that? >> i always respect colby's opinion. but i dissent, the president, like any other, absent a national event where he becomes the dominant central dramatic figure, watches his popularity be rationed out day by day. he is strong now. it is hard to believe he will be as strong one year from now. i think what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dol
CSPAN
Jan 22, 2013 11:00pm EST
this issue. it will be thought of as a responsible not raise the debt ceiling. in my view, it is changing the way we do business here, starting with the approval of the budget. it is compassionate to spend money, how can it be compassionate that is the next generation. there is no question but what the debt and deficit is a drag on that opportunity. we have a responsibility for american citizens to right this wrong. >> said on the senate budget committee and i can say that the most disappointing part of having served the last two years is a relatively new member, it blows my mind that the senate democrats were not willing to do a budget when you're over $16 trillion in debt. we talked about the ipad that has come into existence during the 40 or so we haven't had a budget. i have a 5-year-old son named jacob. so most of his lifetime we have not had a budget. the failure to prioritize spending. and i think about that, i know it's about him. if we can do a budget for this country and we can't prioritize spending and have a fiscal blueprint, to make sure that we get ourselves on a re
MSNBC
Jan 23, 2013 2:30am PST
us this wednesday, january 23rd. there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president obama's inaugural address. speaking in reno, nevada, way waywayn wayne lapierre lashed out at one word from president obama. >> we cannot mistake absolutism, or treat name calling as reasoned debate. >> obama wants to turn the idea of absolutism into a dirty word, just another word for extremism. he wants you, all of you, and americans throughout all of this country, to accept the idea of principles as he sees fit. it's a way of redefining words so that commonsense is turned upside down and that nobody knows the difference. >> lapierre vowed not to give ground o
MSNBC
Jan 23, 2013 2:00am PST
paying their own bills. today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter: paul ryan will draft the republican budget, likely with deeper cuts than the one he offered last year. that's a carrot to get conservatives to go along, some still want to see cuts first. >> i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem. >> reporter: senate democrats hint they will pass a budget, but not necessarily soon. >> we'll approach that when we need to. >> reporter: the white house says even though it's short-term, the president will sign it. >> the debt ceiling ought not to be a political football. >> reporter: this republican re
NBC
Jan 23, 2013 4:00am PST
vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan will draft the budget with deeper cuts. that's a carrot to get conservatives to go along but some still want to see cuts first. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers' paychecks could take a hit. what's still not known is if
FOX Business
Jan 23, 2013 1:00pm EST
the debt ceiling. will it make the markets feel any more confident? lori: in the meantime, lou dobbs is here. secretary of state hillary clinton testifying on the benghazi attack. melissa: is the economy and low beer? we have an exclusive interview with the american trucking corporation bill graves. lori: the big apple shrinking? the new trend of micro- apartments in manhattan. 250 square feet. melissa: time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange where nicole petallides is standing by. nicole: i saw pictures of those apartments, i would love to buy one. they actually look very cute. let's take a look at some of the earnings related names. let's start at mcdonald's. it is up about a half% here. they expect the management -- that is not great news there. you can see the up arrow. when you talk about airlines they are up about three and a 3%. good news there despite the fact that superstar did actually cripple operations for some time. despite that, they did come in with an income of 37 billion compared with 18 million year
FOX Business
Jan 21, 2013 9:00pm EST
debt ceiling as a bargaining chip in the fight to cut spending the the vote including a provision requiring congress to approve budgets and withholding pay for lawmakers until that happens. urn the legislation, they suspend the debt ceiling through may 18th, and congress raises the by whatever debt was incurred at the time. i don't know how you do that. just expand the ceiling. just not going to pay the credit cards. we don't care. meanwhile, as the dead line approaches, there's a chance the tax refund could be at risk. joining me is the managing direct for wealth health financial planning. rich, great to have you on the show. here's the deal. so congress has enough money to go through february 15th, mid february, about the time everybody starts trying to get the tax refunds. they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as we
FOX News
Jan 22, 2013 1:00pm PST
on the debt ceiling limit for another few months, pushing it back to may 19. the report on this possibility yesterday in washington for the inauguration, this this might be a face-saving gesture on the part of republicans to gather their duffs and buy some time with a president who at least for the time being is more popular than they. what do you make of the timing of this vote? -- and what they will gain? >> i think the republicans were concerned about public perception of them not doing anything and i think it's a bad idea. i mean, i think this kicks the can down the road. move people say, we want a solution today. we don't want to keep having this conversation. every couple of months, we talk about the debt ceiling, what good is a ceiling if you keep raising it and you don't make spending cuts to keep yourself under that number? it has no purpose. >> neil: i want to take a look at the corner of wall and broad. many argue the reason why it was up 62 points is the fact that, whew -- it's a relief they won't bring this to the brink. i would think cooler heads, wruns they prevai
FOX Business
Jan 21, 2013 6:00pm EST
. coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, not wasting a second of the second term, president obama making it clear who is in charge the next four years laying out a bold agenda in the inaugural address. that's how i read it. with more, maryann marsh, a democratic strategist, and rich lawry, editor of "the national review. " what do you think of the speech? >> audacious. one, it was an unabashedly progressive speech, shorn of the pose that's characterized as rhetoric. it also, i think, was audacious in its appropriation of the tradition of the american foundings. it was a direct challenge to republicans and the tea party saying you are obsessed with the founders. you are wrong. i am the one firmly within the tradition, and you are outside the mainstream, and you better get on board my program or hit the highway. gerri
CSPAN
Jan 23, 2013 5:00pm EST
trillion debt ceiling through mid-may. it passed in the house of 285-144. briefing is about 15 minutes. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> good afternoon everyone. with the passage of this bill today, it's pretty clear that we are sending a message to the democrat-controlled senate, it's time to do your job. the principle is pretty simple. no budget, no pay. american families have to do a budget and they understand you can't continue to spend money that you don't have. we're committed to doing a budget on the house side, a budget that will balance over the next 10 years. it's time for the senate and the president to show the american people how they are willing to balance the budget over the next 10 years. >> today's vote was the first step towards trying to resolve the nation's fiscal crisis in a responsible manner. look forward to working with the white house and the senate to do so. it's interesting to note with after almost four years having passed with an economy that's been struggling, the senate nev
Current
Jan 23, 2013 9:00pm PST
, it's under cutting their own ideas. take for instance, raising the debt ceiling. something that everyone agrees need to be done. well, good news. by a vote of 285-144 today the house passed a bill raising the debt ceiling until may. but due to a provision that would withhold congressional pay if a budget isn't approved this year. 111 democrats voted against raiding the debt ceiling calling that provision a gimmick. however, it goes well beyond the house. today senator dick durbin revealed the democrats don't have the 51 votes necessary to reinstitute the talking filibuster even through the so-called nuclear option, even though everyone seems to want it. the last hope in filibuster reform is harry reid's great compromise of needing 41 votes to maintain a filibuster but i'm confident that the democrats will find some way to back down from that, too. joining me now the only one and only michael tomasky. starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to the g
FOX
Jan 22, 2013 6:00am PST
the debt ceiling. coming up, we will have a live report from our washington d.c. newsroom with not so hidden agenda. >>> tara moriarty tells us about the four victims shot at and they are all teens. >> reporter: ever since we were here, neighbors stopped by to ask us if we have more information because quite frankly they are shocked as the teens were standing here and somebody drove bias -- drove by and shot at them. you can see the bullet holes. this all happened at 6:00 in grandville and the driveby shooting left four young people ranging in age 13 to 16 and luckily they are all expected to survive. they were struck by bullets by three or four males ins side. two middle school boys were here and we don't know if they were in deed the victims. >> i have seen them playing soccer and i have never had any problems with that family. >> so you really are surprised. >> yes, it is very surprising, very scary. >> right now detectives say they have no motive and they are not saying if the shooting is related. we will keep checking in with them all morning long and keep you posted. ktvu channe
MSNBC
Jan 23, 2013 6:00pm PST
today. and remember the debt ceiling thing that everybody has been fighting about for months. that finally happened today. the stealth story that we have been covering about republicans in the states changing the rules for presidential elections to make it harder for democratic candidates to win, that story moved forward today in a big way, and is getting increasing national attention. there is a lot going on. this was a big news day. we're going to be getting to all of that. but none of those stories were the biggest, most surprising thing that happened on this big, surprising day of news. that story is our lead story tonight, and it starts here. this is a medal of honor ceremony. the highest award our country gives for valor. president clinton here bestowing the medal of honor on vernon baker, whose medal of honor citation explains his acts of extraordinary heroism and daring leadership in an attack on a fortified gothic italian castle in world war ii. by the end of the war, that was considered to be one of the last lines of defense for the nazis. the nazis surrendered in may 194
FOX News
Jan 21, 2013 1:00pm PST
g.o.p. said they would go forward seeking this extension of the increase on the debt ceiling. the president insisted he would not negotiate the debt ceiling again. the republican response is to give themselves more time before raising it. the partisan posturing, the positioning, that will yield to partisanning battling anew. >>neil: thank you. now, something that is fascinating. four years ago and again here, they get out of the their cars, the president and the vice president, they wave to the crowd, keep in mind they are feet away from the reviewing stand. they get back in the car. then to the reviewing stand and i am sure there is logic and reason and it has to do with the timing of it all but they are feet away. i could touch them. he will take the rest of the way by car. that is the vice president and the president. they will soon be in the reviewing stand. the former chairman of ubs america, a very, very important influential financial player for the obamas and kitchen cabinet type advisors on all things business community. very good to see you. thank you for coming. >> i ha
MSNBC
Jan 22, 2013 7:00am PST
shouldn't be so difficult. we need to raise the debt ceiling so we should do it. we need to, you know, have a budget and need to reduce the deficit and need to make investments for the future. what he wanted to talk about is what a great country it is and how we need to make sure it's a country that offers opportunity for all americans and expands the middle class. >> you have been in the trenches. you know how divided congress is. do you think by not using words like compromise, by not reaching out in that very high profile speech, that it was a missed opportunity as some republicans are suggesting? >> well, i think that, you know, it's a little bit of looking backwards and the president was looking forward. i think what he was really saying is and reflecting in a way on his last two years, is he sought to compromise and compromise and compromise again and has gotten so little from the republican leadership. i think what the speech yesterday was about is we need to move forward and if going to, you need to know i'm going to be a determined president. we know the path forward. we may
FOX
Jan 21, 2013 2:00am PST
debt ceiling three months, until april and clean, except for the fact they want to link it to the idea that both the house and the senate pass a budgetnd and if they don't they lose their pay? >> i think -- we don't think short-term is smart for the economy, 2-3 months still has uncertainty and we are very pleased to see the republicans in the house drop their previous position, which was, you know, they were only going to pay the bills, essentially, they racked up if that he got what they wanted from the deep spending cuts in medicare and other programs. so that is progress but what we need to do is, washington needs to start contributing certainty and help to the economy and if you talk to anybody in the country -- >> you will not veto a three-month extension, are you? >> again, i think that there is long term debt and short-term debt. i think we have made progress on the budget and cut spending, in 2011, the budget was cut over a trillion dollars and signed a -- >> you were forced into that by republicans. >> no, we weren't and we were sitting around the table with them for a l
FOX News
Jan 21, 2013 7:00pm PST
see the republican house do when it comes to a question of the debt ceiling in recognition of all of this economic-- all of these decisions have an impact on small businesses and the fact that we have gridlock in d.c.? do you want to see them work more with the president and try to get a solution as to maybe, the little less extreme than what the president wants or do you want them to dig their heels in the ground and fight it tooth and nail? >> and the principals, they have to understand they only control one third of the government and they have to work with the president to come to a resolution, and the first thing i'd like to see the senate pass a budget. senate hasn't passed a budget in over four years at this point. i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i thi
MSNBC
Jan 23, 2013 9:00am PST
the debt ceiling, but will republicans fall in line? we'll discuss the gop's deficit dilemma when luke russert joins us next on "now." jenna shared her recipe with sharon, who emailed it to emily, who sent it to cindy, who wondered why her soup wasn't quite the same. the recipe's not the recipe... ohhh. [ female announcer ] ...without swanson. the broth cooks trust most when making soup. mmmm! [ female announcer ] the secret is swanson. mmmm! itbut sleep train's huge foyear eends sunday. salels, get beautyrest, posturepedic, even tempur-pedic mattress sets at low clearance prices. save even more on floor samples, demonstrators, and closeout inventory. plus, free same-day delivery, set-up, and removal of your old set. don't wait, sleep train's year end clearance sale ends sunday. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> today, the house is expected to pass a bill that would suspend the debt ceiling for three months with only republican support. in an about-face, speaker boehner is taking up the democrat
CSPAN
Jan 22, 2013 1:00pm EST
, the wayner rule would not apply any longer, dollar for dollar cuts for raising the debt ceiling. those are a couple of things that have guided republicans in the last two years or the last decade and that raises some real flags for me. but i think it's not republicans that are looking for relevance. i think it's washington as a whole looking for relevance. we're running trillion dollar deficits. for what will be the fifth straight year. and the reality is s&p as downgrade us. moody's and finch's have sent downgrade possibilities, sent the notice and we're still acting as if it's 1995 or 2000 where we aren't running trillion-dollar deficits. but i hope it's not the case but if in the meantime with all these games, around the messaging, trying to figure out sequencing, if moody's follows through with their threat and says america is not worthy of triple-a credit rating, that's a serious reality. the political reality and then you have the economic reality. i don't think we have 10 years to actually somehow find a path to balance. i think we need to move more quickly. but originally we we
FOX Business
Jan 21, 2013 11:00am EST
have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the table and then fight the battle over spending cuts when you have a sequestration cuts scheduled to start march 1. the current resolution running the government also running out into her three months from now. as well as, the debt ceiling having to be raised yet again. republicans hope this is when they will be able to get the leverage to push spending cuts and entitlement reform. neil: you know, peter, what we look at -- how does that decide? there is a protocol. sitting in and around that i see ron emanuel sitting close to president clinton, how are those seats sold out? >> by protocol and tradition, all former presidents are invited, of course. both president bush, 41 and 43 the client to come. i believe president carter is not attending, but presi
FOX Business
Jan 24, 2013 1:00pm EST
prevalent, and the debt ceiling debate is going to further erode consumer confidence, people will not spend, and the rally might be in jeopardy. i'm a real basking of hopefulness and positivity. >> thank you so much. the unions, lou dobbs weighs in on dwindling union membership, but to the point, there's a rally holding on, but a rally nonetheless. >> that's right. the s&p right now, which was above 1500, 1502 to be exact a short time ago, back to the levels we saw in 2007. we're trying to hang on to the rally, but thinking the dow was up more than a hundred points, and now it's up 3 dlsh 4 -- 41. >> will the markets hold on despite with what's going on with apple breaking down? clinging to green, approached the 1500 level not seen in years. if we end higher, that's the 7th consecutive day of gains, the longest winning streak in more than six years for the s&p. >> and no longer the apple of wall street's eye. it pummeledded as they posted the fourth most profitable company ever. >> the state of the unions, organized work falling to new low levels. >> in all is fair in love and hai
Current
Jan 24, 2013 3:00am PST
steep cuts from president obama before they raise the debt ceiling. the g.o.p. is calling to balance the federal budget in just ten years. that's almost twice as fast as previous efforts by republicans. if that is the case, medicare and other safety net programs wills take a huge hit. yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the nation's gun control debate, this could be the most polarizing issue. >> anybody can claim stand your ground and they could get away with murder. >> announcer: broadcasting across the nation on your radio and current tv, this is the "bill press show." >> bill: yes indeed. equality moves to the front lines as the pentagon today lifts the ban on women in combat. big move. a great move. hello, everybody. happy, happy thursday and welcome, welcome to the "full court press." coming to you live all the way across this great land of ours. god bless america. we're
FOX Business
Jan 21, 2013 7:00pm EST
ceiling for three months. on the 19th of may, the debt limit increases from $16.4 trillion to accommodate additional raring the treasury requires r and bills withholes the pay of lawmakers if congress fails to pass a budget by the 15th of april putting the money in escrow to comply with the 27th amendment of the constitution. joining us now is congressman gomert, vice chair of the subcommittee on crime, terrorism, and homeland security, and republican of texas. good to have you with us. first your impression before we turn to the debt limit of the president's inaugural address. >> well, lou, he started out great, quoting from the declaration from our founding documents, you know, endowed by the creator with certain inalienable rights saying that although they were self-evident, they are not self-executing as you pointed out earlier. now, as a lawyer, that sounds okay in court, you know, talking about the self-executing will or affidavit, but i'm afraid for those of us listening to an inaugural, it was more rem necessary sent of lincoln saying we will live -- america, talking about the cou
FOX Business
Jan 22, 2013 4:00pm EST
is the capitol. we have the latest as the house prepares for a vote on the debt ceiling. david: congress heading back to work today following the president's inauguration speech yesterday which a lot of the members of the republican party saw as a poke in the eye to them. >> the first order of business for congress, the looming debt ceiling. rich edson live on capitol hill. hi, rich. >> hey, lauren, we'll get that vote tomorrow in the house to extend the debt ceiling to the middle of may. when it comes to a longer term debt solution, longer-term debt ceiling solution and when it comes to taxes and spending the parties are far apart as they always been a day of a the president's inauguration and one which both parties have a very different take on the president's address. >> people can criticize president obama about a lot of things but not his ability to communicate and i think he communicated to the american people a message of hope, a message of action, and i liked it very much. i, we should move past the name-calling phase. >> one thing was pretty clear from the president's
FOX Business
Jan 21, 2013 10:00pm EST
first term. what's that mean for the next four years? also, house leadership on the debt ceiling, what's the next move there? former white house economic adviser todd buckles will be with us. thank you fowatching. see you right back here tomorrow. have a good nigh ♪ lou: good evening, everyone. president obama today delivered his second and final inauguration speech in front of an estimated crowd of a million people. nearly half of the 1.8 million who saw the president's swearing in back in 2009. president obama marking the occasion, pushing the liberal concept of more government taking campaign style jabs at his political opponents all the while. >> progress is not compel us to settle, century's long debates about the role of government for all time, but it does require us to act in our time. [applause] for now, decisions are upon us. we can want afford delay. we can want mistake absolutism for principle. substitute speck tack kl for politics or treat name calling for reasoned debate. [applause] we must act. we must act knowing that our work will be unperfect. we must act knowing that
CNN
Jan 26, 2013 1:00pm EST
congress voted to suspend the debt ceiling for three months this week, effectively raising the country's borrowing limit while they figure out deeper cuts to reduce the deficit. that keeps me employed for at least a few more months. even before that deadline hits again, march 1st will be on us, the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation, the automatic across-the-board spending cuts. then there's another date to worry about, april 15th. not just tax filing day but the date by which congress has promised to adopt a budget resolution. they even this time stake their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to make them actually present a budget that takes on our a bah looning deficit. but that battle may make the recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts -- in their entitlements. i'm talking about health car
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